Steel Products
SMU Analysis of U.S. Exports of Flat Rolled & Long Products
Written by Peter Wright
March 15, 2013
Written by: Peter Wright
Rolled steel exports in January increased 11.6 percent from December but were down by 193,000 tons from January 2012. The table below summarizes export steel trade by product with trend comparisons. Percentage changes are all on a three month moving average basis to reduce the noise in the data. Total exports in the three months through January were down by 11.1 percent compared to the three months through October. Exports were down by 19.1 percent compared to the three months through January last year and were up by 1 percent compared to two years ago.
In the three months through January, export volumes for all products decreased compared to three months earlier. The decrease was similar across all products except for rail which was down by 39.1 percent. Compared to a year ago, exports were down on all products except rail and tubulars. Compared to two years ago exports were up on all products except longs and electro galvanized sheet. In January 85 percent of total steel exports were destined for our NAFTA partners, 53 percent to Canada and 32 percent to Mexico.

Peter Wright
Read more from Peter WrightLatest in Steel Products

Galv buyers less optimistic about short-term market
“It was a little more of a seller's market as contractors seemed to be protecting themselves against a potential run up in prices," one buyer said.

SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]

US, offshore CRC prices continue to fall
US cold-rolled (CR) coil prices were down again this week, slipping six weeks in a row and seeing the sharpest drop-off since last July.

Asian HR remains much cheaper than US, EU product
Domestic hot-rolled (HR) coil prices fell this week, now down seven of the last eight weeks.

April service center shipments and inventories report
Flat rolled = 57.6 shipping days of supply Plate = 54.5 shipping days of supply Flat rolled US service centers’ flat-rolled steel supply edged up in April, as shipments slowed. At the end of April, US service centers carried 57.6 shipping days of supply, according to adjusted SMU data. This is up from 56.4 shipping […]